S&P: Shadow inventory slowing down recovery
By admin on Jul 24, 2011 in Topics
Although the drop in default rates shows promise, the amount of shadow inventory still creates a dark loom over the future of housing prices, according to latest results from Standard & Poor's U.S. Residential Performance Index.
The shadow inventory of unresolved distressed properties is currently at an estimated $ 405 billion, representation four years of housing inventory [...]
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